McAleer Securities is considering an investment project it expects to earn 7.4% on. McAleer's desired funding mix is 50% debt, 10% preferred stock and 40% common stock. Currently McAleer's cost of debt is 6.5%, and its cost of preferred stock is 8%. McAleer plans to pay a $1.80 dividend on its common stock next year, which is growing at 4%. McAleer's corporate tax rate is 24%, and its stock sells for $25 right now. What is McAleer's WACC? Should it invest in this project